How to Budget and Forecast for Your Business
4.2 (16 ratings)
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How to Budget and Forecast for Your Business

by Tim Berry, Business Planning Expert
4.2 (16 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
436 students enrolled
Last updated 9/2015
English
Current price: $10 Original price: $20 Discount: 50% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 5 Articles
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • The difference between startup and ongoing expenses
  • How expenses vs. assets are treated for tax purposes
  • How to create a sales forecast for your business
  • How to create an expense budget for your business
  • The important difference between profits and cash
  • How your legal setup can affect your taxes
  • Types of business expenses to deduct from your taxes
  • Online resources for tax questions
View Curriculum
Compare to Other Business Budgeting Courses
Curriculum For This Course
33 Lectures
02:19:48
+
Welcome Orientation
2 Lectures 07:53

Course Objectives
03:00
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Basic Financials - Overview and Startup Plan
10 Lectures 46:51
In this chapter you will learn: The difference between ‘startup’ and ‘ongoing’ expenses How expenses vs. assets are treated for tax purposes The difference between profits and cash OVERVIEW Start-up expenses happen before the business is running. If expenses come after the start of the plan, they ar…
Objectives
00:15

Part 1 of a three part video lecture series dealing with Financials.

OPTIONAL: A Slide Notes handout is available. Click here to download it.

Preview 08:59

Part 2 of a three part video lecture series dealing with Financials.

Basic Financials, Part 2
09:33

Part 3 of a three part video lecture series dealing with Financials.

Basic Financials, Part 3
03:25

Part 1 of a five part video lecture series dealing with Starting Costs.

OPTIONAL: A Slide Notes handout is available. Click here to download it.

Starting Costs, Part 1
10:39

Part 2 of a five part series on dealing with financials. This lesson video demonstrates how to create a Startup table. The demo supports the LESSON: Starting Costs  at the end of this section.

Starting Costs, Part 2
05:28

Part 3 of a five part video lecture series dealing with Starting Costs.

Starting Costs, Part 3
03:16

Part 4 of a five part series on dealing with financials. This lesson video demonstrates how to create a Startup Funding table. The demo supports the LESSON: Starting Costs  at the end of this section.

Starting Costs, Part 4
03:05

The last in a five part video lecture series dealing with Starting Costs.

Starting Costs, Part 5
02:11

DOWNLOADS: Templates for Lessons

Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.

  • Download and open the business-plan-financials.xls (found in the optional downloads area) 
  • Use the "Save as" command to save a copy of the file as yourname_financials.xls 

Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.

  • Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
  • Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc 
Click the "Download Printable Version" button to download the PDF of this lesson.
LESSON Starting Costs
6 pages
+
Basic Financials - Forecast Sales & Expenses
8 Lectures 33:04
In this chapter you will learn how to pull together the numbers of a business plan. Video demonstrations will forecast sales and starting costs and as well as ongoing expenses. This will show how the numbers in the plan come together. OVERVIEW Forecasting is like the weather forecast. It's a mix of…
Objectives: Sales & Expenses
00:19

OPTIONAL: A Slide Notes handout is available. Click here to download it.

Forecasting Sales, Part 1
09:42

Part 2 of a two part series on creating a sales forecast. This lesson video demonstrates how to create a Sales Forecast table. The demo supports the LESSON: Sales Forecast at the end of this section.

Forecasting Sales, Part 2
08:56

DOWNLOADS: Templates for Lessons

Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.

  • Download and open the business-plan-financials.xls (found in the optional downloads area)
  • Use the "Save as" command to save a copy of the file as yourname_financials.xls

Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.

  • Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
  • Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc
Click the "Download Printable Version" button to download the PDF of this lesson.
LESSON: Sales Forecast
5 pages

Part 1 of a three part series on the Expense Budget and Payroll.

OPTIONAL: A Slide Notes handout is available. Click here to download it.

Expense Budget and Payroll, Part 1
04:25

Part 2 of a three part series on the Expense Budget and Payroll.

Expense Budget and Payroll, Part 2
01:54

Part 3 of a three part series on expense budget and payroll. This lesson video demonstrates how to create a Personnel plan and add expenses into the Profit and Loss table. The demo supports the LESSON: Personnel Plan and Profit & Loss at the end of this section.

Expense Budget and Payroll, Part 3
07:48

DOWNLOADS: Templates for Lessons

Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.

  • Download and open the business-plan-financials.xls (found in the optional downloads area) 
  • Use the "Save as" command to save a copy of the file as yourname_financials.xls 

Text: The text portion of this lesson will be completed using the minimum-business-plan-outline.doc. You will continue to build into this file with each text lesson.

  • Download and open the minimum-business-plan-outline.doc file (found in the optional downloads area)
  • Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc 
Click the "Download Printable Version" button to download the PDF of this lesson.
LESSON: Personnel Plan and Profit & Loss
3 pages
+
Cash and Taxes
3 Lectures 25:26
In this chapter you will learn about: Cash and profits Cash flow and cash balance How your legal setup can affect your taxes How a calendar year or fiscal year can affect your taxes Types of business expenses to deduct from taxes Online resources for tax questions OVERVIEW Critical content is cash f…
Objectives - Forecasting Your Cash Flow
00:16

Part 1 of a two part video series on Cash and Taxes.

OPTIONAL: A Slide Notes handout is available. Click here to download it

Cash and Taxes, part 1
11:33

Cash and Taxes, Part 2
13:37
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Next Steps
1 Lecture 01:01
Now that you have completed this course we are happy to offer you additional courses which can help you succeed in business.  The  How to Budget and Forecast for Your Business course which you completed is a module of the How to Start a Business course. The How to Start a Business course is $129 how…
Next Steps
01:01
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Optional Downloads
9 Lectures 05:03

DOWNLOADS: Templates for Lessons

Financials: The spreadsheet portion of this lesson will be completed by opening the business-plan-financials.xls file. You will continue to build into this file with each spreadsheet lesson.

  • Download and open the business-plan-financials.xls (found in the optional downloads area) 
  • Use the "Save as" command to save a copy of the file as yourname_financials.xls

NOTE: This file was originally created in Business Plan Pro; it is compatible with Microsoft Excel or any other spreadsheet-compatible program which can read .xls format.

Business Plan Financials
768.0 kB

Templates for Lessons:

Text: The text portion of the lessons will be completed using the minimum-business-plan-outline.doc file. Use the “Save as” command to save a copy the plan outline file as yourname_businessplan.doc 

NOTE: This file was originally created in Business Plan Pro; it is compatible with Microsoft Word or any other program which can read .doc format.

At the end of the course, the completed tables in the .xls file can be copied into yourname_businessplan.doc file. The combined tables and topics will then become your business plan file.

Minimum Business Plan Outline
120.8 kB

The template for Business Plan Pro is contained within this ZIP archive. Save this file to the hard drive of your computer, right click on it to Extract the file, then open it with Business Plan Pro to use it for your assignments.

Business Plan Pro Template
202.2 kB

Slide Notes Basic Financials
1.3 MB

Slide Notes Starting Costs
564.9 kB

Slide Notes Forcasting Sales
788.3 kB

Slide Notes Expense Budget & Payroll
764.5 kB

Slide Notes Forecasting Cash Flow
551.1 kB

Advertising The paid promotion of a product or service, in print, TV, or other media. Angel Investor A person who invests his or her own money in a startup business who meets the SEC guidelines. Assets Property that a business owns, such as cash and inventory, office equipment, buildings, accounts r…
Glossary of Terms
05:03
About the Instructor
Bplans School of Business
4.4 Average rating
50 Reviews
1,420 Students
5 Courses
Helping You Succeed in Business
Tim Berry
4.4 Average rating
50 Reviews
1,420 Students
5 Courses
Business Planning Expert

Tim Berry is the founder of Palo Alto Software, makers of the top selling business plan software in the world. He is also the founder of Bplans.com, co-founder of Borland International, author of several best-selling books on business planning, and has a Stanford MBA.

Tim has spent his entire career focused on entrepreneurship and business planning. As a consultant Tim has helped businesses such as Apple, Autodesk, and McDonalds with their business planning.

As an entrepreneur, he started a company from nothing and grew it to own 70% market share without any outside investment. As an educator, Tim taught entrepreneurship at the University of Oregon for 11 years.

In 2001 Tim won the USASBE (United States Association of Small Business and Entrepreneurship) Corporate Entrepreneur of the Year award and a USASBE award for teaching. His books have been published by Harcourt Brace, McGraw-Hill, Dow Jones-Irwin and Entrepreneur Press.